Gross sales mean what you are charged as the overall total of your bill and net is all other deductions subtracted with what ever balance is left being your net.
Gross sales is defined to be the total invoice value of sales, before deducting customers' discounts, returns, or allowances.
Net Sales The amount of sales generated by a company after the deduction of returns, allowances for damaged or missing goods and any discounts allowed. The sales number reported on a company's financial statements is a net sales number, reflecting these deductions.
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2. Customer discounts or allowances
In accounting, the difference between gross sales and net sales can be made up of more than one factor. Gross sales revenues is all the sales revenues that have been earned by a firm during a given time period. The items that are netted out of, or deducted from, gross sales in order to arrive at net sales can be different in different industries. For example, in the book publishing industry the two items mentioned above would be deducted from gross sales to get to net sales. In the magazine publishing industry, there would be an additional deduction for advertising agency commissions.
In general, however, "gross sales" reduced by the sum of :[(1) the dollar amount of refunds for items bought and then returned by customers and (2) the dollar amount of purchase discounts taken by customers] equals "net sales".
As far as my knowledge goes, the difference between net and gross values is that the gross value is the value before deductions, while net is basically after deductions from your gross value. Hope it helps!
difference between gross irrigated area and net irrigated area
The difference between net price and gross price is that gross price refers to the total cost while net price refers to the cost after deducting expenses. Expenses can be operating costs and such.
Gross profit is difference between revenues and direct expenses related to the product while net profit is the difference between gross profit and other operating indirect expenses.
Gross margin is Gross income as a percentage of revenue. Net Margin is net income as a percentage of revenue.
The difference between gross pay and net pay is that gross pay is the amount that you receive before tax deductions and pay net is the money you take home after all the tax deductions
The difference between a gross and net withdrawal from a fund has to do with how much money you will receive. The gross withdrawal is the amount taken out of your fund which includes fees that you will not get to keep, the net withdrawal is the amount you receive after the bank's fees and any others are taken out.
A net ton is 2000 pounds. A gross ton is the weight of freight and the container that it is in.
is net invesment = gross investment - depreciation
well there is no difference
Gross income is the difference between revenue and direct expenses while net income is the income from all activities of business whether oprating activities or other activities.
What is the difference in Net and gross pricing in construction?
Gross working capital is the amount company invested in current assets while net working capital is the difference between current assets and current liabilities.
what is your dads name
It is known as deductions.
Gross profit on sales is derived by just deducting the direct costs to manufacture and sale the product while net operating profit is derived after deducting all other indirect business cost to find out the final profit earned.
Gross = Before TaxesNet= After Taxes
Look it up..... You have to read something in order to answer something... Duuhhh.... But its gross pay is net pay minus deductions.
Gross pay is a persons pay that is including overtime, allowances and bonuses. Net pay is when it is totaled together and subtracting the gross pay from it.
Gross pay is the number of hours times base hourly rate. Net is what is left after Insurance, FICA, Fed and State deductions. In other words, Gross is what you make, Net, is what you spend.
It is taxes and benefits.Gross pay - taxes + benefits = net pay.